If you are you thinking about letting your property but not yet ready to make a long-term commitment, or if you are looking for temporary accommodation but can’t face a long stay in the hotel, then a short let can be a perfect option.
Short lets are becoming increasingly popular, offering the sought-after benefit of flexibility and convenience. In this feature we look at what a short let is and how it could benefit both landlords and tenants.
What is a short let?
- A type of tenancy that lasts between four weeks and six months (subject to local authority restrictions), sometimes with the possibility to extend the contract
- The rent for a short let period is paid upfront for the full length of the contract (just like a holiday rental)
- The rent is inclusive of all bills (except for telecommunications, such as telephone line rental, broadband and the cost of any calls made)
- The property is professionally managed
What types of property are available for a short let?
The answer is simple – all types! At Foxtons, we currently have nearly 1,500 properties of all types and sizes available for short term rentals.
Benefits for Landlords
- Flexibility - if you are unsure of your plans for the property long-term, then a short let option allows for immense flexibility and can generate a rental income during void periods
- Choice – marketing your property on both short and long let basis gives you the option to choose from multiple offers
- Efficiency - going away on a long holiday or travelling for business? Letting your property on a short let basis can be a very efficient way of ensuring your home is occupied and generating income simultaneously
Benefits for Tenants
- Home comforts – feel at home with the benefit of your own front door and a relaxing, homely environment
- Privacy – renting an apartment or a house ensures welcome privacy, along with the benefits of not being confined to a hotel room or disturbed by other hotel guests
- Flexibility – not sure about the duration of your stay? Many short lets can be extended beyond the initial contract, subject to availability
Here are some other examples of when a short let can be the ideal option:
- When relocating temporarily for business
- A safe, secure and cost-effective option for tourists on long holidays (with the included benefit of the property being managed)
- In the interim period of completing a sale, where the completion on your onward purchase is delayed
- When attending a short-term educational course
- For insurance companies looking to house their clients after a fire/flood in their own home
- For media companies working on advertisements, films and television programmes
Could a short let be the right option for you? Speak to one of our friendly local experts on 0800 369 8667, or take a look at the stunning selection of short let options on our books.
As a note, if you're wondering "can I rent a room in my house?", read our blog.
